SG Americas Securities LLC Has $1.19 Million Stock Holdings in NNN REIT, Inc. $NNN

SG Americas Securities LLC trimmed its holdings in NNN REIT, Inc. (NYSE:NNN) by 58.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,934 shares of the real estate investment trust’s stock after selling 42,476 shares during the period. SG Americas Securities LLC’s holdings in NNN REIT were worth $1,186,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of NNN REIT in the third quarter valued at approximately $51,000. Ameriflex Group Inc. lifted its position in shares of NNN REIT by 1,266.1% in the third quarter. Ameriflex Group Inc. now owns 2,336 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 2,165 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of NNN REIT by 1,066.9% in the third quarter. Rothschild Investment LLC now owns 4,271 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 3,905 shares during the last quarter. Bayforest Capital Ltd lifted its position in shares of NNN REIT by 705.2% in the third quarter. Bayforest Capital Ltd now owns 4,525 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 3,963 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of NNN REIT in the third quarter valued at approximately $221,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NNN REIT news, CEO Stephen A. Horn, Jr. sold 33,192 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $44.98, for a total transaction of $1,492,976.16. Following the transaction, the chief executive officer owned 822,711 shares in the company, valued at $37,005,540.78. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Adamo sold 6,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $44.99, for a total value of $269,940.00. Following the transaction, the executive vice president owned 126,358 shares in the company, valued at approximately $5,684,846.42. This trade represents a 4.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.82% of the stock is owned by company insiders.

NNN REIT Price Performance

Shares of NYSE NNN opened at $43.23 on Wednesday. The business’s 50 day moving average is $43.61 and its 200-day moving average is $42.03. NNN REIT, Inc. has a 1-year low of $35.80 and a 1-year high of $46.03. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The firm has a market cap of $8.23 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 5.61 and a beta of 0.85.

NNN REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, January 30th. NNN REIT’s dividend payout ratio (DPR) is 115.94%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NNN. Deutsche Bank Aktiengesellschaft raised NNN REIT from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, January 20th. Evercore cut their price objective on NNN REIT from $44.00 to $43.00 and set an “in-line” rating for the company in a research report on Monday, December 15th. Stifel Nicolaus set a $48.50 price objective on NNN REIT in a research report on Wednesday, February 11th. UBS Group raised their price objective on NNN REIT from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Finally, Robert W. Baird set a $46.00 price objective on NNN REIT in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, NNN REIT presently has a consensus rating of “Reduce” and an average price target of $44.83.

NNN REIT Profile

NNN REIT (NYSE: NNN), formally known as National Retail Properties, is a publicly traded real estate investment trust focused on acquiring, owning and managing a diversified portfolio of retail properties across the United States. As a net-lease REIT, the company enters into long-term, triple-net leases with national and regional tenants, shifting most property-related expenses, including maintenance, taxes and insurance, to its lessees. This structure provides NNN REIT with predictable cash flows and a stable income stream rooted in essential retail uses such as convenience stores, dollar stores, drug stores and quick-service restaurants.

Founded in 1984 and headquartered in Orlando, Florida, NNN REIT has steadily grown its footprint through disciplined acquisitions and selective lease underwriting.